Pat Fields on the Honestmoneyreport forum posted this notice regarding the above article earlier this morning. It is very interesting, though not terribly surprising.
Bias Times UK
It appears that the Times Online of the UK has an Orwellian Newspeak opinion editor hard at work to filter out public commentary on its articles when drawing too much attention to the basic problem of world finance, as having its real basis in paper money.
Over the past three hours, in response to 'Brown snubbed over tax - Germans wreck ‘global new deal’: http://www.timesonline.co.uk/tol/news/politics/G20/article5993184.ece I posted two separate mentions, suggesting that the world's governments should consider abandoning paper money in deference to Honest Money. While some 10 additional notes were added, neither of mine made the llist. Only those nebulously offering purely pro or con opinion on the political ramifications are shown.
Try your own attempt ... let's see what happens.
Pat's observation aside, this article is interesting in that it speaks to the widening gap between the dollar faction (Barack Obama and Gordon Brown) and the Euro faction (Germany, France, Spain, etc...).
The assault by European Union leaders also represents a defeat for President Barack Obama, who is desperate for other big economies to copy his $800 billion stimulus plan.
The US and UK who already have visible smoke pouring out of the proverbial printing presses they are running at a clip, desperately want the Eurozone to join in this orgy. But the Euro is resisting.
UK officials have not given up on the idea there could be agreement on a fresh boost for the world economy later in the year. “It is likely that there will be another heads of government meeting probably in Asia in the autumn,” said an official.
Fresh boost! Autumn is a long ways away.
There are growing fears that protests at the summit venue, the ExCeL centre in London’s Docklands could be marred by violence. Scotland Yard will be deploying specialist officers trained to use 50,000-volt Taser stun guns.
EconomicRot has some protest videos up. G20 Protests
Funny thing about the protesters. They want socialism. This isn't people like Pat Fields protesting. This is hard core socialists. And what they don't understand is that they are protesting against the greatest socialist shift of all time. Whether it's massive stimulus or massive printing (same thing really), it will lead to a massive socialist world-state and a redistribution of wealth from the savers to the spenders. But the banking sector's big salaries have drawn such ire that everyone is protesting simply to protest. It's quite funny if you think about it.
Did you see the sign, "How to keep warm at the protests... burn the bankers"? That really says it all. That is what these protests are really about.
Paper is already burning. Why not throw the bankers in too? Brown and Obama want to fight fire with fire, to keep the fire burning by throwing more fuel on it. The protesters think the bankers themselves will suffice.
Here are some comments that DID make it onto the article:
We in the US are fairly new at being socialist. Forgive us of our stumbles as we attempt to throw ourselves into the abyss that enslaves most of Europe. With Barrack at the helm, we too shall soon be totally reliant upon our government for happiness.
Erik, Miami, USA
Who are the countries who are most responsible for this mess. The US and the UK and their investment banks etc.
Why should the rest of the world go further in debt to solve problems caused by these two countries? They are the ones who benefited most by the excesses that led to this problem.
Brown and the G20 leaders have missed the point. The G20 summit must focus on delinking economic growth from increased energy use. This in itself will give the economy a massive boost and take us out of the CO2 trajectory that will spell disaster for millions.
More of the same is no solution
Here are some headline samples from Mikal on USAGold:
New reserve currency idea needs work-German minister
Reuters - 03/29/2009
Obama Will Face a Defiant World on Foreign Visit
NY Times - 03/28/2009
Now the Long Run Looks Riskier, Too
NY Times - 03/29/2009
No Time For T-Bonds
Forbes - 03/28/2009
Optimism about U.S. banks might be misplaced
Reuters - 03/28/2009
Goldman Bailed Out 2 Executives
NY Times - 03/28/2009
Inflation looms over deflation risk
Financial Times - Chancellor - 03/29/2009
Stay tuned. This could be an interesting week.
I just saw this interview on the weekend edition of Glenn Beck. You probably saw my post on Wednesday of Daniel Hannan.
The devalued Prime Minister of a devalued Government
I found that video on Drudge, and at the time it had about 150,000 views. It now has 1.6 million views, not counting those people that saw the abbreviated version on TV. Anyway, going viral got this guy on the Glenn Beck show. Here it is...